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Quotes with Resistance & Support

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Nifty likely to calm down

Posted on: November 21st 2009 in Market Outlook.

Nifty after having a roller coaster ride on Friday manged to close at 5,052 ending 63 points higher, Sensex too made good gains past afternoon, and closed at 17,021 ending 230 points higher. This week markets gained a net of 1 %. Nifty rose 1.07% and the Sensex gained 1% over the week. F…

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Market Review, update & trading ideas for 17-11-09

Posted on: November 16th 2009 in Market News.

Nifty ended at 5058, hardly moving in a 20point range all day. Nifty Closed above an important resistance level of 5020. Nifty faces some resistance at 5075, above this level Nifty can head up to 5150. Strong support for nifty is at 4930-5020. One can go long on nifty above 5075 for a ta…

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Market Review for 15th June 2009

Posted on: June 13th 2009 in Market Outlook.

BSE Sensex: (15238) the market has traded sideways with no sign of any direction…technically the trend is still intact Up but the market is also against a strong zone of resistance…looks like more of a sideways movement with profit booking coming in…analysis still the same… The s…

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Nifty touches 52-week high; uptrend to continue

Posted on: June 10th 2009 in Market Outlook.

MUMBAI: Bulls extended their winning streak on Wednesday, taking the Indian equity benchmarks to 52-week highs. Traders defied cautious calls from experts that markets are over-heated and a correction is imminent. The rally was led by power, capital goods and banks while broader markets s…

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Market Review for 8th June 2009

Posted on: June 7th 2009 in Market Outlook.

BSE Sensex: (15104) the market has closed positive as expected and it still looks up but reactions cannot be ruled out…so caution is the order of the day. The support for the Sensex is 15050-14800 and the resistance to the up move is at 15520 Nifty: (4587) the support for the Nifty is…

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Market Review for 1st June 2009

Posted on: May 31st 2009 in Market Outlook.

BSE Sensex: (14635) we said ‘so far the trend is still intact up and I would watch the crucial support at 14080 and trade long’ and the market closed positive near its high…technically the trend is still intact up and we may see an assault on the recent high… The support for t…

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Market Review for 28th May 2009

Posted on: May 27th 2009 in Market Outlook.

BSE Sensex: (14110) we said ‘13480 is a very crucial support and if that goes now then the next support is closer to 13000-12270’ the market never breached the crucial support of 13480 and moved up gaining strength…so far the trend is still intact up…volatility is not ruled out on…

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Market Review for 25th May 2009

Posted on: May 23rd 2009 in Market Outlook.

BSE Sensex: (13887) we said ‘there is a possibility of some more profit booking but a violent up move cannot be ruled out’ and the market unfolded as expected and closed positive and has thrown in a crucial support at 13611 and the market is said to be UP as long as 13611 holds. The …

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Market Review for 21st May 2009

Posted on: May 20th 2009 in Market Outlook.

BSE Sensex: (14061) we had few cycles converging and so we said that I would be cautious’ there were many stocks that did well but profit booking came in the Sensex heavy weights…I would still be cautious as profit booking is expected at these levels as market has given an unusual bon…

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Will Sensex touch 20,000 again by December?

Posted on: May 19th 2009 in Market Outlook.

MUMBAI: The extraordinary spurt in the market on Monday has, understandably enough, made most investors optimistic about the road ahead. While there is fundamental logic supporting daring market predictions, fears of the impact of the ongoing global recession are a niggling worry for some…

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